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  1. Striver

    Is it possible to defer taxes for a 1-2 year period through my c-corp or use pre-tax funds to purchase real estate for the c-corp?

    TAXES | REGS 
    Surprised there are no replies to this!
  2. Striver

    Where are all the Mobile Home Park Investors?

    HOT! REAL ESTATE 
    Running out of tax shelter? What's that mean?
  3. Striver

    I just sold my first eCommerce business (FU money!)

    NOTABLE! 
    It does. It one of the reasons the resell multiplier is nowhere near what other business types bring in.
  4. Striver

    US-Based Taxes/Business Formation (CPA)

    TAXES | REGS AMA 
    Or even $20/hr (which I doubt anyone makes for just stuffing envelopes). Still a drop in the bucket compared to the total profit.
  5. Striver

    How to Buy A McLaren for $20K

    NOTABLE! 
    Jesus. How are you driving that your tires only last that long?! haha Congrats, Biophase! Great logic.
  6. Striver

    £150,000/week to £700,000/week

    EXECUTION 
    Networking is grossly underrated!
  7. Striver

    {Success Story} Feeling stuck? A six month case study of when I dropped everything to buy a business

    NOTABLE! EXECUTION 
    Awesome, man! Love reading stories like this. :)
  8. Striver

    £150,000/week to £700,000/week

    EXECUTION 
    It appears you missed the second set of numbers...
  9. Striver

    US-Based Taxes/Business Formation (CPA)

    TAXES | REGS AMA 
    Do you have any knowledge of audits or problems regarding this aspect? Or maybe even advice on what might be reasonable. I'll use an old ebay side-business of mine as an example... Used to make $200 profit a day, with 1 hour of time put into packing and shipping. Yearly profit = $73,000. My...
  10. Striver

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    Okay, thanks for the explanation. So, if you had the cash, it does seem like the better way to do it. (If it's as simple as the example the guy showed year after year.) More profit in the end.
  11. Striver

    Home Office deduction for rental income. How are you guys doing it? If at all...

    Thanks! Yeah, after reading for two straight days on the matter, it then dawned on me that we would never be able to "out deduct" the difference for the SE tax anyway. Regarding the passivity, though, we have definitely deducted the home office in the past. Looking back, I don't think we...
  12. Striver

    Home Office deduction for rental income. How are you guys doing it? If at all...

    Well, it looks like I would then have to pay self-employment tax (15.2%), which would greatly offset my lowly home office deductions. Hmmm...
  13. Striver

    Home Office deduction for rental income. How are you guys doing it? If at all...

    Since the IRS views this as passive income, you don't get to deduct a home office. Can I just put all the income on the Schedule C, instead of the Schedule E? A lot of property upkeep and office work goes into this, so it's not passive at all. According to the IRS publications I've read, it...
  14. Striver

    How to legally pay no taxes... possible?

    HOT! TAXES | REGS 
    Is there any way you can explain it a little more? At first you agree with him, but then you recommend using a different method than what he seemed to be making look like the better one. If that makes sense lol
  15. Striver

    Can Shopify rip me off?

    HOT! 
    You've got SOME nerve, guy! Who do you think you are... introducing LOGIC into this situation. :-P
  16. Striver

    Can Shopify rip me off?

    HOT! 
    Look, you REALLY need to get over yourself and your imaginary product and your outlandish dreamy sales volume. You're paranoid of something that isn't gonna happen to sales you're not even getting! You've taken non-action, and went a step further with it. Why don't you try to sell a couple of...
  17. Striver

    Throwing my backpack over the fence. My AMZ FBA/Private Label Progress Thread.

    EXECUTION 
    Can you just sell them for a dollar or two profit... and familiarize yourself with the process of importing and FBA? If you're sure they'll sell. You can be planning your next product, while making a little money from this one... and learning at the same time. But if it isn't worth it, to you...
  18. Striver

    And what exactly is wrong with Passion?

    This first reply should have been /thread lol As long as you're passionate about something that people need, you'll be fine.
  19. Striver

    Zero sales, not enough $ to move out from parents

    NOTABLE! 
    What?!?! You're 10k in the hole, for whatever amount of time, and you're still trying to have a profit margin? Get real dude. What you MIGHT oughta do is keep lowering the price until it starts selling. The market sets the price, not you! Looks like you need to recoup as much money as you...
  20. Striver

    Zero sales, not enough $ to move out from parents

    NOTABLE! 
    Only if you need more of it.

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